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HDFC Bank m-cap tops Rs 8-trillion; CLSA sees further upside in stock

With Rs 8-trillion milestone, HDFC Bank now stands at third position in the overall market-cap ranking of listed companies

Aided by recent festive demand, healthy monsoon, and unlocking of the economy, HDFC Bank expects 5-6 per cent credit growth
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Aided by recent festive demand, healthy monsoon, and unlocking of the economy, HDFC Bank expects 5-6 per cent credit growth

Nikita Vashisht New Delhi
HDFC Bank on Wednesday became the first bank in the Indian history to cross the Rs 8-trillion market capitalisation milestone after its shares hit fresh record high of Rs 1,464 apiece on the BSE in the intra-day deal. The private lender now stands at third position in the overall market-cap ranking of listed companies.

At 09:17 am, HDFC Bank had a market capitalisation of Rs 8.02 trillion, the BSE data shows.
 
The stock price has nearly doubled at the bourses from the low of Rs 739 hit in March 2020, and has climbed 98 per cent to reach its